MANILA, Philippines — Gasoline and diesel prices are expected to increase again next week due to market reactions to recent global developments, local oil industry sources said Friday.
They said that gasoline prices are expected to increase by around P0.40 to P0.60 per liter, and diesel prices by around P0.80 to P1.00 per liter., This news data comes from:http://ycyzqzxyh.com
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
Local sources cited concerns over supply disruptions after Russia and Ukraine intensified their attacks on each other’s energy infrastructure, the potential impact on supply flows and global economy of the new US tariffs on India, signals from US Federal Reserve of possible interest rate cut, and large drawdown in US crude and fuel inventories.
Gasoline, diesel prices to increase again next week
This week, local oil companies increased their gasoline prices by P0.70 per liter, and their diesel prices by P0.50 per liter.
- Govt eyes charges vs Discayas over 'unfinished' PH Film Heritage Building
- Ukraine drone attacks spark fires at Russia's Kursk nuclear plant, Novatek's Ust-Luga terminal.
- French couple kept panther that roamed nearby rooftops
- Go Negosyo, CFO push migrant empowerment
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Mayor Sotto slams Discayas, cites lies, ghost firms, and kickback allegations
- SpaceX cancels Starship megarocket launch in latest setback
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
- Over 800 killed as quake rocks Afghanistan
- Customs recovers 10 more Discaya luxury cars
